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India’s Q1 GDP growth falls to 5.7%, hits 3-year low

Discussion in 'World Economy' started by Agent_47, Aug 31, 2017.

  1. randomradio

    randomradio Colonel REGISTERED

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    Nilgiri likes this.
  2. Sancho

    Sancho Lt. Colonel IDF NewBie

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    What nonsense! UPA 2 was in a global financial crisis and still India was admired for their growth. Also the government inherited a growing economy which is why they had got to 7% or more even without changing anything. Don't know what drugs the author takes, but his reality is clearly disconnected.
    These poor tries to blame the former government, when it's evident that the GDP slowed down only after the NDA reforms, is just embarrassing. They made mistakes and still have 1.5 years to fix the economy and that's what they should focus on, not crying foul and shifting blame. That won't get Indian youth the needed jobs!
     
  3. randomradio

    randomradio Colonel REGISTERED

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    Didn't I already say sensible arguments are not allowed here?

    Here's a fact based article which is not allowed here:
    http://economictimes.indiatimes.com...for-this-fiscal-next/articleshow/60838073.cms

    There's more.
    http://www.livemint.com/Industry/OC...-who-predicted-India-GDP-growth-at-57-in.html
    Meet the economist who predicted India GDP growth at 5.7% in Q1
    Rabobank’s Hugo Erken says GST will impact India GDP growth rate in Q2 as well, but predicts a rapid pick-up in economic growth to near 8% in Q3

    Here's Morgan Stanley. Let's not believe them. September 27th.
    http://www.livemint.com/Politics/Ks...-6-trillion-economy-in-10-years-Morgan-S.html
    “We expect India’s real and nominal GDP (gross domestic product) growth to compound annually by 7.1% and 11.2%, respectively over the coming decade,” he added.

    How about desi agencies? September 4th.
    http://www.livemint.com/Money/4TOgk...ia-GDP-growth-forecast-to-7-in-201718-on.html
    Domestic rating agency Crisil on Monday lowered its growth forecast to 7% for fiscal year 2017-18, down from 7.4% earlier, as it sees disruptions arising from the implementation of the new uniform tax regime to continue to impact the economy for a few more quarters.

    More sensible articles that are not allowed here:
    http://www.business-standard.com/ar...dp-growth-forecast-to-6-6-117090300132_1.html
    "We are revising down our forecasts for India's GDP growth to 6.6 per cent year-on-year and 7.4 per cent year-on- year in 2017-18 and 2018-19, respectively (as against our earlier estimates of 7.2 per cent and 7.7 per cent)," said the report authored by Tanvee Gupta Jain, an economist with UBS.

    But go ahead, only rely on the 'objective analysis' of professional politicians and journalists. Let's have more Modi-bashing BS instead.

    I have nothing against sensible arguments. You should start making some.
     
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  4. Agent_47

    Agent_47 Admin - Blog IDF NewBie

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    I don't know what you read man!. UPA-2 is the definition of economic mismanagement in the post liberalized india. Lack of reforms, indecision, fiscal deficit all time high, inflation, credit rating downgrade, We even entered 'the fragile five'. They pumped in public investment to mitigate the 2008 financial crisis to give an inflated sense of growth, The result is the burden of NPA problem we have now.

    No its not embarrassing :bad:. Reforms are the best things that can happen in a developing economy. Its nature is inherently cyclical . Short term slowdown is not a problem but lack of reforms is. Positive result of more formal economy, bankruptcy code,GST, low inflation and more FDI is inevitable.

    At this time blaming former government is unwarranted. Yes, This government could have taken faster steps to solve the NPA problem. But blaming NDA for reforms is beyond insane. Unlike UPA-2 they are trying and they know how to make decisions.
     
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  5. Paliwal Warrior

    Paliwal Warrior Lt. Colonel ELITE MEMBER

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    There you go again

    First place read up on what effect the high interest rate of govt schemes have on overall interest rate scenario

    Then come and argue
     
  6. Paliwal Warrior

    Paliwal Warrior Lt. Colonel ELITE MEMBER

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    I don't know from where these bhakts come up with such stupid logic

    On one hand they blame up for providing stimulus and loans and cheap money then blame upa for npa


    But on other hand they want NDA RBI to lower rates and force the banks to lend to mitigate slowdown an create the same npa situation few years down the line
     
  7. Paliwal Warrior

    Paliwal Warrior Lt. Colonel ELITE MEMBER

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    Taking decisions and taking right decisions are two different things worlds apart

    Even tughlakh knew how to make decisions
     
  8. Paliwal Warrior

    Paliwal Warrior Lt. Colonel ELITE MEMBER

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    I have a smart card - chip based DL since 8 years now

    I have yet to see a policeman or even rto office having a smart card reader machine


    The RC book for my cars are smart card / chip based for years now
    Yet I haven't seen a single machine with police or even in rto offices which could read these rc books

    My cars have high security license plates
    I am yet to see the applications of such plates in daily life which could simplyfy my life like auto toll. Ollection etc
     
  9. The enlightened

    The enlightened Lieutenant FULL MEMBER

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    Your Modi hatred has choked your mind's ability to function freely and seems to have erased all memories of the disaster that was UPA. Get help

    'Growing Economy'

    Welcome to the 'growing economy' club
    http://business.financialpost.com/b...erging-markets-causing-chaos-in-world-markets
    http://www.livemint.com/Opinion/JqV...-Posco-and-others-are-giving-up-on-India.html
    http://www.livemint.com/Companies/pqNgQUDoOPsQCli4EgZLMM/Jim-Rogers-Why-Im-shorting-India.html
    'Growing India' Productions present

    [​IMG]

    And electing UPA will get India jobs

    [​IMG]

    http://timesofindia.indiatimes.com/...h-Study-by-govt-body/articleshow/18391740.cms
    http://www.dailypioneer.com/columnists/usua/upas-jobless-growth.html
     
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  10. randomradio

    randomradio Colonel REGISTERED

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    It has zero effect on the private industry. If the private industry has to run, they need credit released by RBI.
     
  11. randomradio

    randomradio Colonel REGISTERED

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    UPA is being blamed for crony capitalism. Read up on crony capitalism.
     
  12. nair

    nair Guest

    Do not worry "Ache din anewala hein"
     
  13. Indx TechStyle

    Indx TechStyle Lieutenant FULL MEMBER

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    You know what, comparing oil prices with other countries, which became the major source of revenue of GOI, people even kept quiet waitin for good.

    But these intelligent breeds borought all budgets and schemes in austerity and wasted whatever they earned on useless experiments.

    Congress lost because they were corrupt and BJP might because they are stupid.
    Though, it's not too late, even if growth doesn't pick up in next quarter, they must be coming with pumping budget.
    Else I won't vote BJP ever again.
     
  14. Paliwal Warrior

    Paliwal Warrior Lt. Colonel ELITE MEMBER

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    :facepalm:
     
  15. Nilgiri

    Nilgiri Lieutenant IDF NewBie

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    http://indianexpress.com/article/op...ation-gst-narendra-modi-arun-jaitley-4867559/

    What? How can this be true???? ;)

    [​IMG]
    I am guessing mechanism in play was quite a bit of "laundering" rural-wise was into labour-related activities (and just overall into bottom of pyramid as much as possible to try get return of some fraction of stashed black money), momentum of which will continue for some time. Completely fine with that consequence. Its an example of real-economics and realpolitik that mainstream media and current govt haters completely ignore....but one that provides a structural impetus long term much more than UPA-I and UPA-II asset inflation/deflation growth/recession pressures.
     
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